The deadline for Singapore's encryption service providers has arrived: those without a DTSP license must cease cross-border services starting today.

[Singapore encryption service providers deadline has passed: Those without DTSP license must cease cross-border services from today] According to previous news, the Monetary Authority of Singapore (MAS) released the final policy document on May 30, 2025. It stipulates that all encryption service providers registered or operating in Singapore must stop providing Crypto Assets services to overseas clients by June 30, 2025, if they have not obtained a DTSP license. MAS emphasized that there will be no transition period, and violators will face legal penalties.

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